Why Investors Shouldn't Be Surprised By Northern Star Resources Limited's (ASX:NST) 26% Share Price Surge
Apr 11
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Australian (ASX) Gold Industry Analysis
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies154
- 7D9.2%
- 3M33.6%
- 1Y54.5%
- YTDn/a
In the last week, the Gold industry is up 9.2%, with Northern Star Resources up 14%. Meanwhile, Canyon Resources actually underperformed within the industry, shrinking 12% in the last week. This means that the industry has gained 55% over the past year. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | AU$93.7b | AU$22.2b | AU$3.0b | 18.3x | 30.7x | 4.2x |
| Tue, 11 Mar 2025 | AU$79.6b | AU$22.0b | AU$3.0b | 19x | 26.8x | 3.6x |
| Thu, 06 Feb 2025 | AU$81.8b | AU$18.6b | AU$1.8b | 21.4x | 44.9x | 4.4x |
| Sat, 04 Jan 2025 | AU$71.2b | AU$18.7b | AU$1.8b | 22x | 39x | 3.8x |
| Mon, 02 Dec 2024 | AU$73.4b | AU$18.6b | AU$1.8b | 20.8x | 40.8x | 4x |
| Wed, 30 Oct 2024 | AU$78.4b | AU$18.4b | AU$1.8b | 24.5x | 43.5x | 4.2x |
| Fri, 27 Sep 2024 | AU$70.1b | AU$18.1b | AU$1.8b | 21.9x | 38.3x | 3.9x |
| Sun, 25 Aug 2024 | AU$65.1b | AU$17.3b | AU$1.2b | 23.8x | 52.6x | 3.8x |
| Tue, 23 Jul 2024 | AU$61.0b | AU$16.0b | AU$1.1b | 23.2x | 56.5x | 3.8x |
| Thu, 20 Jun 2024 | AU$56.2b | AU$16.9b | AU$1.2b | 19.8x | 47.7x | 3.3x |
| Sat, 18 May 2024 | AU$59.7b | AU$17.1b | AU$1.2b | 22.5x | 50.3x | 3.5x |
| Mon, 15 Apr 2024 | AU$60.6b | AU$17.2b | AU$1.2b | 23.5x | 50.4x | 3.5x |
| Wed, 13 Mar 2024 | AU$53.1b | AU$16.7b | AU$1.2b | 20.1x | 43.9x | 3.2x |
| Fri, 09 Feb 2024 | AU$49.2b | AU$15.4b | AU$279.5m | 22.9x | 175.9x | 3.2x |
| Sun, 07 Jan 2024 | AU$73.9b | AU$22.9b | AU$1.3b | 23.3x | 54.9x | 3.2x |
| Tue, 05 Dec 2023 | AU$76.7b | AU$22.9b | AU$1.3b | 25x | 56.8x | 3.3x |
| Thu, 02 Nov 2023 | AU$70.0b | AU$23.0b | AU$1.4b | 22.6x | 51.1x | 3x |
| Sat, 30 Sep 2023 | AU$65.8b | AU$22.9b | AU$1.4b | 22x | 48.1x | 2.9x |
| Mon, 28 Aug 2023 | AU$67.8b | AU$22.6b | AU$1.1b | 16.5x | 62.7x | 3x |
| Wed, 26 Jul 2023 | AU$70.7b | AU$22.2b | AU$532.2m | 18.7x | 132.9x | 3.2x |
| Fri, 23 Jun 2023 | AU$69.8b | AU$22.2b | AU$559.4m | 17x | 124.8x | 3.1x |
| Sun, 21 May 2023 | AU$72.2b | AU$22.3b | AU$581.7m | 18.7x | 124.2x | 3.2x |
| Tue, 18 Apr 2023 | AU$77.3b | AU$22.3b | AU$575.3m | 18.1x | 134.4x | 3.5x |
| Thu, 16 Mar 2023 | AU$64.3b | AU$22.4b | AU$645.3m | 19.2x | 99.6x | 2.9x |
| Sat, 11 Feb 2023 | AU$66.0b | AU$20.8b | AU$1.2b | 18.6x | 57.4x | 3.2x |
| Mon, 09 Jan 2023 | AU$66.5b | AU$20.8b | AU$1.2b | 19.9x | 57.2x | 3.2x |
| Wed, 07 Dec 2022 | AU$61.2b | AU$21.0b | AU$1.2b | 16x | 51.3x | 2.9x |
| Fri, 04 Nov 2022 | AU$52.1b | AU$21.4b | AU$1.3b | 14.5x | 41.3x | 2.4x |
| Sun, 02 Oct 2022 | AU$48.7b | AU$21.3b | AU$1.3b | 11.2x | 36.2x | 2.3x |
| Tue, 30 Aug 2022 | AU$50.3b | AU$20.0b | AU$2.2b | 7.9x | 22.4x | 2.5x |
| Thu, 28 Jul 2022 | AU$51.4b | AU$19.3b | AU$2.2b | 7.7x | 23.9x | 2.7x |
| Sat, 25 Jun 2022 | AU$57.9b | AU$19.3b | AU$2.2b | 8.9x | 26.7x | 3x |
| Mon, 23 May 2022 | AU$66.1b | AU$19.2b | AU$2.2b | 11x | 29.8x | 3.4x |
| Wed, 20 Apr 2022 | AU$78.9b | AU$18.9b | AU$2.2b | 13.3x | 36.6x | 4.2x |
Price to Earnings Ratio
36.6x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.7x which is lower than its 3-year average PE of 63.5x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 5.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 0.081% | |
| Materials | 0.20% | |
| Metals and Mining | 0.41% | |
| Gold | 9.22% | |
| Silver | 3.25% | |
| Copper | 2.45% | |
| Steel | 1.06% | |
| Precious Metals and Minerals | -0.94% | |
| Diversified Metals and Mining | -3.04% | |
| Aluminum | -6.81% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$21.40 | 13.5% +AU$2.9b | 39.9% | PE25.9x | |
| EVN Evolution Mining | AU$7.70 | 10.2% +AU$1.4b | 93.5% | PE22.2x | |
| DEG De Grey Mining | AU$2.50 | 15.2% +AU$791.3m | 81.8% | PB4.7x | |
| GMD Genesis Minerals | AU$3.99 | 11.8% +AU$474.5m | 101.0% | PE37.6x | |
| OBM Ora Banda Mining | AU$1.24 | 21.0% +AU$404.9m | 264.7% | PE34.5x |
